Arbejdsmarkedets Tillaegspension Grows Stock Holdings in Acuity, Inc. $AYI

Arbejdsmarkedets Tillaegspension lifted its stake in shares of Acuity, Inc. (NYSE:AYI) by 42.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,573 shares of the electronics maker’s stock after purchasing an additional 26,880 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Acuity were worth $25,100,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Elyxium Wealth LLC purchased a new position in Acuity during the fourth quarter worth approximately $25,000. Entrust Financial LLC purchased a new stake in Acuity in the 4th quarter valued at $27,000. Miller Capital Partners Inc. acquired a new stake in shares of Acuity in the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Acuity in the 4th quarter worth $36,000. Finally, Torren Management LLC purchased a new position in shares of Acuity during the 4th quarter worth $39,000. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

Acuity Price Performance

AYI stock opened at $332.78 on Monday. The company has a market capitalization of $9.96 billion, a PE ratio of 22.07, a P/E/G ratio of 1.82 and a beta of 1.27. The company has a current ratio of 2.05, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average price is $310.32 and its 200 day moving average price is $306.79. Acuity, Inc. has a 12-month low of $257.04 and a 12-month high of $380.17.

Acuity (NYSE:AYI) last issued its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.17 by $0.14. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Acuity had a net margin of 10.25% and a return on equity of 20.26%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.12 earnings per share. On average, sell-side analysts anticipate that Acuity, Inc. will post 18.28 EPS for the current year.

Acuity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, July 17th. Acuity’s dividend payout ratio (DPR) is presently 5.31%.

Insider Activity at Acuity

In other news, Director Maya Leibman bought 200 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $288.83 per share, for a total transaction of $57,766.00. Following the completion of the purchase, the director owned 400 shares of the company’s stock, valued at approximately $115,532. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AYI. Morgan Stanley boosted their price target on shares of Acuity from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Oppenheimer set a $465.00 target price on shares of Acuity in a research note on Friday, June 26th. Weiss Ratings upgraded shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Wall Street Zen raised shares of Acuity from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Finally, The Goldman Sachs Group upped their price objective on Acuity from $295.00 to $358.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $397.17.

About Acuity

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.